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20121108
20121116
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to compromise. i'm open to new ideas. i'm committed to solving our fiscal challenges. chris: but john boehner is holding firm against one of the president's main campaign pledges. >> everyone wants to get our economy moving again, everyone wants to get more americans back to work again. raising tax rates will slow down our ability to create the jobs that everyone says they want. chris: in your book, the price of politics, a heck of a book. you talk about how debt negotiations fell apart the last time, we tried it in the summer of 2011. will the speaker, we just saw, have the strength to lead his party even if he has to fight for the tea party? >> their camouflage is tax reform and they're going to do that over time. so the rates could come down. the really interesting thing is when you examine the detail of this, last year they were close. they actually could have worked out some agreement and it blew up because of the president asking for more revenue and that was the limit for them. i think it is a moment of necessity to a certain extent. they can't avoid this now. chris: reporting challeng
they already agreed to that. i think you heard john boehner say that already. we've had votes in the senate where we've actually gotten rid of tax credits. i think that's a given. and i think the vast majority of americans agree with that. the question is how do you do that and how do you allow taxes to rise at the same time you fix the real problem? and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> let me turn to senator schumer on this point. >> so you have to approach both sides of it. >> let me turn to senator schumer. i'm going to ask you the same question. if the mandate is compromised, what do democrats have to be prepared to accept as a painful outcome in order to achieve compromise? >> well, i agree with you, the mandate is compromise. that's why we have a divided house and senate. and i think if the house stands for anything it's cut government spending, as tom coburn said, and i think we're going to have to do more of it. we heard the mandate in 2010, where i
, but there is no sign of that. president obama and speaker john boehner laid out their position today that sounded like they're positions. >> this is a restart between high-stakes negotiations between two men. they are starting where they left off, far apart. in a speech at the white house, president obama claimed the election proved most americans agreed with his plan, that he calls balanced, cutting spending and hiking taxes to avoid the fiscal clef. he said he is flexible, but -- >> i refuse to accept any approach that is not balanced. i am not going to ask students and seniors and middle-class families to pay down the entire deficit while people like me making over $250,000 are not asked to pay a dime more in taxes. >> the main republican negotiator will be speaker john boehner. >> the problem with raising tax rates on the wealthy americans is that more than half of them are small business owners. we know from ernst and young, 700,000 jobs would be destroyed. >> john boehner insists the middle class and the government would get more money if tax rates dropped. >> we know we will get more economic g
in hollywood? >> reporter: but john boehner would raise revenues by closing loopholes in the tax code. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> failure to agree by the end of the year would trig aerocombination of deep spending cuts and expiring tax cuts. that could mean an estimated $2,000 more in taxes next year for the typical household. the jobless rate soaring to 9.1% by the end of year and possibly another recession. boehner and the president were close to a deal last year. the so called grand bargain, $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and the government that has grown massively, not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from now they're making no progress at all, you're going to see the anxiety and the nervousness grow
avoiding the so-called fiscal cliff. last night house speaker john boehner said he's optimistic about an agreement telling abc's diane sawer he's the most reasonable responsible person in washington but he's also not backing off his stand on tax hikes. >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about. >> i made clear yesterday that raising tax rates is unacceptable. frankly, it couldn't even pass the house. >> at issue here, a perfect economic storm that could have serious consequences. nbc's andrea mitchell breaks it down for you. >> reporter: the campaign was tough. victory was sweet. now comes the hard part. >> on january 21st, 2013, there's going to be a massive fiscal cliff. >> reporter: so what exactly is the fiscal cliff? it's a nightmare combination of tax heights and spending cuts that congress agreed to to force themselves into a compromise but so far they haven't agreed on anything so barring a last-minute fix at the stroke of midnight on new year's eve the tax cuts expire, alternative minimu
, john boehner has left the door open to finding new revenues by reforming the tax code. >> both sides will be looking for ways to claim victory without causing too much trouble for their respective party basis. >> both sides can at least agree on this. the nation cannot plunge off the fiscal clef. -- cliff. >> the president is encouraging congress to go ahead and extend tax cuts for middle-class americans while negotiations continue on the rest of this. >> so what is the fiscal cliff and how could impact your money if congress does nothing? the truth is, it could affect everything from your dog to your 401k to your wallet. -- your job to your 401k to your wallets. it could translate into your taxes going up by $3,500 next year. >> more will be taken out of your check. you'll have less to spend and the impact would be pretty substantial. think of the coffee shop across the street from a plant that makes weapons, for example. the ripple effect on communities, on workers, on families. >> we explain the fiscal cliff in greater detail on wbaltv.com. just click on project economy. an announ
to social security and medicare. republicans may have to raise taxes on the wealthy. john boehner signaled his party is open to new revenue. >> do not raise taxes. the government will get more revenue. >> john boehner also speaks today. >> we have to watch if the speaker and president are on different planets. >> it will still create a level of uncertainty going forward until everything is determined by a new congress. >> unemployment could hit nine per 1% next year -- unemployment could hit 9.1% next year. we could be looking at 3% growth next year. tracie potts, wbal-tv 11 news. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commute. let's bring you up to date on the problems we are tracking. we have an accident in jessup on washington boulevard. some debris on northbound 95 in howard county. it of an accident on route 24 -- word of an accident on route 24. we have a downed tree in the belcamp area. continued closures on charles because of water main repair. star adding to pick up on the outer loop -- starting to pick up
house next week to build consensus. >> reporter: earlier in the day, speaker john boehner also sounded a kumbaya theme. >> i am proposing a fiscal cliff together. >> reporter: that gets its name, because at the end of the year if kopg does nothing, bush taxes expire, the payroll tax cut expires, emergency unemployment benefits end and $984 billion in automatic cuts and defense and domestic budgets are triggered. they estimate that would cause the economy to take a significant hit, raising unemployment to 9.1% by the end of next year. but the real political sticking point is taxes. the president called on congress to make tax cuts for people making less than $200,000, and drew a line in the sand. >> i refuse to accept any approach that is not balanced. and on tuesday night, we found out the majority of americans agree with my approach. >> reporter: the president was referring to the tuesday exit poll which indicated nearly 60% of voters would support higher taxes on the wealthy. and while john boehner hinted at some taxes going up, he also listed some conditions. >> and it is not like t
of whom voted democratic and half of whom live in hollywood. >> reporter: but house speaker john boehner rejects any hike in tax rates. instead he would close loopholes in the tax code. >> raising tax rates will slow down our ability to create the jobs that everyone says they want. >> reporter: failure to agree by the end of the year would trigger a combination of deep spending cuts and expiring tax cuts. that could mean an estimated $2,000 more in taxes next year for the typical household. the jobless rate soaring to 9.1% by the end of the year. and possibly another recession. boehner and the president were close to a deal last year. the so-called grand bargain. $4 trillion in debt reduction including politically sensitive changes to social security and medicare. many think that blueprint still works. >> and the real problem is uncontrolled entitlement spending and a government that has grown massively. not just under this administration, under republican administration. >> reporter: experts warn of serious damage to the economy if the standoff drags on. >> if three or four weeks from n
to congress to avoid the so-called fiscal cliff. spending cuts and tax increases will kick in. john boehner echoed the president's remarks about bipartisan cooperation. >> we stand ready to work with you to do what is best for our country. that is what i told the president earlier today. >> closing special interests loopholes and cuts to entitlement programs. that brings us to our water cooler question of the day. do you think a new spirit of bipartisanship corporation will allow congress to avoid the fiscal cliff? you can share your response at wbaltv.com and on our facebook page, or send us an e-mail to watercooler@wbaltv.com. >> despite the long voting lines, fewer marylanders voted this year compared to four years ago. if the unofficial member holds, the 2012 presidential election will have the lowest voter turnout in maryland of any presidential election since 1984 . >> maryland casinos took in just under $40 million. this came at the expense of the other casinos. down near 40% in the past year and ocean downs is down nearly 8%. >> 6:09. >> the device the post office has for you, comin
. president obama and house speaker john boehner appear to be drawing lines in the sand on that looming fiscal cliff. big tax hikes and spending cuts that could take effect at the end of the year if they can't find a compromise. >>> also, it sounds crazy, but apparently it's real. you'll meet some people who are addicted to the internet. >>> and with prices skyrocketing at the super market, we have tips on stretching your dollar and making your groceries last longer. >>> and speaking of money, famous women making it fashionable to recycle outfits. >>> i wore this suit six weeks ago, okay? >> and a poodle mix that was rescued from a trash heat and who is blind. i watched this piece earlier today, it brings tears to your eyes. >>> we begin this morning with the scandal that cost cia director david petraeus his job. >> good morning to you erica, this stunning news comes on the heels of the president's triumphant reelection. he lead combat forces in iraq and afghanistan and was considered one of the top leaders of his generation. sources say his reputation was sterling. he was known for putting co
to what is at stake in the coming months, speaker boehner used a teleprompter to issue his remarks today. this was the first time in the speaker of the house has ever used the device for a news event at the capitol. >> stocks went down today after the election. if lawmakers did not learn how to play nice soon, it could have a direct impact on all of our finances. >> on the day after president barack obama won his second term, the stock market shuddered. by the closing bell, the three major indexes had plunged. the dow falling more than 300 points. french markets were afraid. >> i think everybody would try to figure out where we are economically. >> that fiscal cliff, $600 billion in automatic tax hikes and spending cutbacks set to kick in january 1 unless lawmakers take action. investors are worried a lame duck session of a divided congress and the reelection of the status quo means no budget compromise now or later. >> the same people who could not agree for the past two years now have to agree on something between now and the first of january. otherwise there will be huge cuts in the f
'm comfortable listening to congressman boehner that he's willing to come through with an approach. getting revenue from some folks coming up with $250,000. i have got people on my payroll in washington who took a 5% to 10% cut. they were only making 50 to $60,000. why can't somebody making over 250 give a penny more? and so we have to approach this in a balanced way. i am optimistic. i think the american people have spoken. the president during the campaign talked about this well balanced approach. in the past the republicans said no revenue. speaker boehner said, we've got to consider everything. it's matter of how we do it. >> he talked about new revenue. can they come in any form other than higher taxs? >> it will have to be a combination. it will be a combination. you got to remember that all of us already agree that extending the tax cuts for those making less than 250. everybody agrees on that. let's do that. i agree with the president. let's do that, take care of that. for those making over 250,000, let's try to figure out how we help them pay a little bit more. lot of those people
elected us to focus on your jobs, not ours. >> the president and john boehner are each drawing a line in the sand on letting the bush era tax cuts expire for americans making more than $250,000 a year. the speaker wants the tax overhaul that raises money by cutting loopholes. if they cannot hammer out a spending deal by the end of the year, the nation goes over the so-called fiscal cliff and taxes go up for everyone. an average of $500 per household, and there will be deep, automatic spending cuts that could hobble the economy. republican sandoval the president to address the real problem. the real problem is uncontrolled entitlement spending and a government that has grown massively. >> democrats and republicans will have to compromise just like the president and his party did after getting walloped in the 2010 election. >> would cut $900 million in spending that was painful to us. >> in washington, a high-stakes search for middle ground. brian moore, wbal-tv 11 news. >> there is more fallout tonight for lance armstrong. >> why he has completely decided to cut ties with his organizat
got some lift. thanks to some conciliatory statements from president obama and john boehner, the speaker of the house. which made me feel like maybe you don't have to be insane to believe you can get a positive resolution here. i'm a cynical guy but even i think the short sellers are being too glib and the longs are too terrified, given the facts on the ground. don't get me wrong. i'm not saying the fiscal cliff will definitely be bridged but things could go right. the democrats and republicans could work together, as crazy as that sounds, and you have to take that possibility of a positive into account. speaking of a fiscal cliff, we have to hear more beyond what we heard today. every minute that goes by without a deal is a minute that could drive us closer to the brink, and it colors my whole show now. i'm more sane about bridging the cliff than i was yesterday. but as the son of a veteran, if we don't get a deal soon, i can have a recession gift wrapped by christmas. next week is a very important week for earnings and data. kind of surprising. money is all about home buil
. john boehner making comments that they also want to work together. but, again, this is the choice that we have been talking about over the last several months. spending cuts, tax increases. >> we should mention that we're also more renewed fears in europe, the greek debt crisis rearing its ugly head. >> absolutely. it's clear that greece cannot pay its bills. now we're thinking, okay, this is another pressure for the u.s. economy. so we're all waiting on some kind of compromise out of washington as well as some stability in europe. but for sure, we'll probably see some volatility going forward. doesn't really mean much, though, long-term. >> i was going to say, let's get some perspective. there was a huge drop after the president's election four years ago. but over the last four years, wall street has been up. >> that's right. over the long-term, you have to look at fundamentals. and the corporate sector right now is very strong. a lot of cash on the balance sheets, longer term earnings should be okay. but over the near term, expect some choppiness. >> maria, thank you. and i know
with speaker john boehner. >> all right. chuck todd at the white house this morning, thanks. john meacham is a pulitzer prize winning historian and author of the new book "thomas jefferson the art of power." good morning. >> thank you, sir. >> tell me about what's going on in washington right now. everyone is saying the right things. president obama said a couple days ago i'm looking forward to reaching out and working with leaders in both parties to meet our challenges. john boehner said we are ready to be led. is this just honeymoon talk or do the american people have reason to believe things might be different in a second term? >> a lot of it's honeymoon talk. this is the natural result. the president wants to appear magnanimous in victory. the speaker, whose party just lost, wants to be clear that practically he understands that the country voted for an incumbent president as opposed to the nominee of his party, so it behooves him at this point to make the right noises. but it's still friday. sometimes bipartisanship in washington is a little like what mark twain said about tom sawyer
. >> if it becomes an occurrence we see over and over again like john boehner, the house speaker, you know, then -- i'm a cryer myself. >> so am i. >> i cry at work at least once a week. >> we like to put in the girl movies and just cry. >> i enjoy a good cry. >> he can embrace it too. he makes fun of it. >> it was refreshing. >> nice to shed a tear from time to time. some people might shed a tear about take two. black friday creep. walmart and some of the nation's largest retailers starting black friday at 8:00 p.m. on thursday aka thanksgiving day. >> yeah. >> sears says it will do the same thing. this trend is called black friday creep and stores say earlier store openings are coming from customers. that is their feedback. they want to go out and shop earlier, get to bed earlier. >> get away from the family earlier. >> i don't know what it is. >> the women want to get away from the football watching. >> some people think come on. it is the one day of the year stores are closed and they can hang out with their family. look what happens when you wait until morning. >> shoppers have a choice. i feel
to reduce the deficit without stalling the economic recovery. house speaker john boehner said wednesday that republicans would be willing to consider hiking tax revenues under the right circumstances along with a package of spending cuts. concerns about the looming fiscal crisis and europe's financial problems led to a 312-point plunge on wednesday on wall street. >>> wounded congresswoman gabrielle giffords is set to come face-to-face with her shooter today. the massacre in 2011, pleaded guilty to killing six people and wounding 13 others, including giffords. this will be giffords' first appearance in court for this case. and her husband mark kelly will be at her side. federal prosecutors say he will be sentenced to life in prison without parole. >>> a pair of burglaries at nancy pelosi's california home on the eve of election and again on election day. this morning, detectives are looking to see what was stolen and arrested a local napa man in the case. police say 21-year-old kevin michael hagan admitted to burglarizing the residence twice saying he wasn't aware it belonged to pelosi
negotiate with speaker boehner, mitch mcconnell, or does he come in, give a set of demands and go hold a press conference? they can, i believe, hammer out -- >> same can the said on the other side, by the way. >> but if the president is willing to do it, the republicans have no choice. i mean, you can't turn down a president who just won re-election if he's sincere and willing to negotiate. >> going to take some bold initiatives which is my segue into your book, okay, because you've written this book about george washington and his bold moves to break the stalemate of the revolutionary war. so much has been written about george washington. what do you want readers to take away from this book that's new? >> well, i think particularly this morning is the launch of an american legacy book tour that calista and i are doing because she has two new children's books out for american history. the first thing is to say to people we have a long history of overcoming adversity. george washington is probably the greatest example of that, and in "victory at yorktown" you see him faced with a strate
Search Results 0 to 20 of about 21 (some duplicates have been removed)

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